DocuTech Corp., a provider of mortgage compliance documents and initial disclosures for the mortgage industry, partnered with Xerox Mortgage Services to use Xerox’s DataGlyph technology for the automatic classification of loan documents. DocuTech customers now benefit from an enhanced and accelerated process for generating, classifying, filing and storing mortgage documents, the company said.

Developed at the Palo Alto Research Center, Xerox Mortgage Services’ DataGlyphs technology is a sophisticated form of a barcode that acts as a portable database and enables DocuTech customers to embed loan data onto a document. Those documents can be automatically classified in the BlitzDocs electronic loan folder upon submission via scan or upload—saving 30 to 45 minutes in data entry and manual classification.

The technology is integrated with DocuTech’s precision document system ConformX, ensuring lenders only generate the necessary documents needed for each closing.

DocuTech’s ConformX also transforms any internet connection into a closing office, enabling lenders to generate and print compliant loan documents from within the loan origination software.

“Using Xerox Mortgage Services’ DataGlyph technology, our customers can continue to provide loan documents that are guaranteed to meet required regulations and streamline the document management process,” said Scott K. Stucky, chief operating officer, DocuTech.

http://www.docutechcorp.com/docutech-partners-with-xerox-mortgage-services-uses-dataglyph-technology